by Pops » Thu 17 Nov 2011, 10:26:19
I think a lot of people oversold the case for Instant Armageddon - and I mean "sold" literally. It's hard to sell a book with a subtitle of "The long, drawn out move away from cheap energy" - even Heinbergs' subtitle was "converging catastrophes".
Not everyone was selling something of course, I would have been really surprised if you'd told me 6 years ago the economy could be moving along this well at $100/bbl or that oil would rebound so fast after $147.
Even the chart I just posted is conjecture, at least I can't find where the author gets his EROI numbers, I can't even figure out how you could guess at such things with 85% of the oil produced by states instead of companies.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)